Everybody wants autonomous vehicles now: It’s the auto industry’s way forward and Silicon Valley’s latest preoccupation. China is no different.
Alibaba Group Holding Ltd. is testing self-driving cars in China, and Baidu Inc. started trials of autonomous technology last year. BMW AG earlier this month was the first foreign carmaker to get a license to test its offering in China. In mid-May, Shenzhen-based Roadstar.Ai LLC raised a record amount from Chinese investors.
Meanwhile, Tencent Holdings Ltd. and bigger-than-Uber ride-hailing provider Didi Chuxing said in the last couple of weeks they’re testing autonomous cars in California. They join a host of niche Chinese